“The foreclosure crisis is taking a toll on our city,” Alderman Bob Fioretti told the Chicago Tribune on October 2, 2011. Fioretti and Alderman Deborah Graham were joining the Chicago Teachers Union and the group Action NOW at a press conference outside Leland Elementary School in Chicago’s Austin neighborhood to announce the proposed Safe Passages ordinance.
The Tribune said banks would be required to “hire watchmen from 8 a.m. to 4 p.m. to keep an eye on vacant properties within a thousand yards of a school,” or face fines if the city council approves the measure. The teachers union says the shift to longer school days for some locations makes the matter more urgent, and the district has boosted funding for its own program that uses “community watchers to monitor students traveling in rough neighborhoods,” according to the Tribune.
How has the foreclosure crisis affected your neighborhood? Are you personally seeking foreclosure help ? Our Chicago bankruptcy lawyers believe that a bankruptcy means test can be a solid first step in helping improve the situation in your own home. A Chapter 7 or Chapter 13 bankruptcy can help reduce or eliminate your debt as well as provide a fresh start for your credit. Contact our office today to set up an initial consultation. And if foreclosures are increasing the number of bank-owned eyesores in your neighborhood, our Chicago bankruptcy attorneys want to hear what you think. Share your feelings with us below.